The EU cannot work out exactly what Libra is according to a memo by European Commission executive vice-president, Valdis Dombrovskis.
Dombrovskis refers to the „need to ensure clarity” about what Libra is, but that the information provided by Facebook is not sufficient.
Libra is descibed as a „moving target” that does not easily within existing EU law, according to finextra.com.
The memo goes on to restate the European Commission and Council’s intentions to move without delay to set up a regulatory framework that will facilitate harnessing the opportunities of crypto-assets.
The EU made it clear in December that no stablecoins would operate under its auspices until legal and regulatory issues were addressed.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
